Mairs & Power Inc. Has $1.24 Million Stock Position in Norfolk Southern Co. (NYSE:NSC)

Mairs & Power Inc. trimmed its stake in shares of Norfolk Southern Co. (NYSE:NSCGet Rating) by 1.1% during the first quarter, Holdings Channel reports. The firm owned 4,343 shares of the railroad operator’s stock after selling 50 shares during the period. Mairs & Power Inc.’s holdings in Norfolk Southern were worth $1,239,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in NSC. Vectors Research Management LLC boosted its holdings in Norfolk Southern by 468.8% during the fourth quarter. Vectors Research Management LLC now owns 91 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Blume Capital Management Inc. acquired a new stake in Norfolk Southern during the first quarter valued at approximately $29,000. Worth Asset Management LLC acquired a new stake in Norfolk Southern during the first quarter valued at approximately $30,000. Concord Wealth Partners boosted its holdings in Norfolk Southern by 2,300.0% during the first quarter. Concord Wealth Partners now owns 120 shares of the railroad operator’s stock valued at $34,000 after purchasing an additional 115 shares in the last quarter. Finally, Rational Advisors LLC acquired a new stake in Norfolk Southern during the first quarter valued at approximately $36,000. 73.44% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Stock Performance

NSC stock opened at $249.85 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.10 and a quick ratio of 0.98. The company has a 50 day moving average price of $244.39 and a 200 day moving average price of $250.15. Norfolk Southern Co. has a fifty-two week low of $217.00 and a fifty-two week high of $299.20. The stock has a market capitalization of $58.68 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.85 and a beta of 1.32.

Norfolk Southern (NYSE:NSCGet Rating) last issued its earnings results on Wednesday, July 27th. The railroad operator reported $3.45 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.03). The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.14 billion. Norfolk Southern had a net margin of 25.57% and a return on equity of 22.42%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.28 EPS. Analysts forecast that Norfolk Southern Co. will post 13.66 EPS for the current year.

Norfolk Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, August 20th. Shareholders of record on Monday, August 8th were given a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Friday, August 5th. Norfolk Southern’s payout ratio is 39.49%.

Insider Buying and Selling at Norfolk Southern

In other Norfolk Southern news, Director James A. Squires sold 105,420 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $248.81, for a total transaction of $26,229,550.20. Following the completion of the sale, the director now owns 42,728 shares in the company, valued at approximately $10,631,153.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NSC. Citigroup downgraded Norfolk Southern from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $345.00 to $260.00 in a report on Thursday, May 19th. JPMorgan Chase & Co. downgraded Norfolk Southern from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $306.00 to $258.00 in a report on Tuesday, July 12th. StockNews.com raised Norfolk Southern from a “hold” rating to a “buy” rating in a report on Thursday, September 1st. Credit Suisse Group started coverage on Norfolk Southern in a report on Monday, June 27th. They issued an “outperform” rating and a $267.00 target price on the stock. Finally, Cowen reduced their target price on Norfolk Southern from $331.00 to $316.00 in a report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $283.10.

Norfolk Southern Profile

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Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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